DislikedYes the spot market volume dwarfs fx futures, but are you implying that futures data is not useful?Ignored
What I would say from experience in both, is that using one to reference the other had no bearing for me.
The guys on our futures side looked at their data while the cash traders looked at cash data.
When volume was applied, it was done so only in the futures market since the cash market leaves you guessing (and with the daily transaction volume in cash, it's not really necessary to worry about liquidity).
Edges in the spot market weren't derived from volume.
regards
daytrading
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